Hyperliquid loses Anthropic, OpenAI markets as creator shuts down project

Hyperliquid, a decentralized exchange, experienced a significant market disruption on June 10, 2024, when Ventuals, a prominent team specializing in real-world asset perpetuals, announced its closure of existing markets. Ventuals stated its intention to pivot and contribute to another project within the Hyperliquid ecosystem. This development impacts markets previously supported by liquidity from major AI entities, including Anthropic and OpenAI, which had been providing significant backing. The departure of Ventuals and the subsequent withdrawal of AI-backed liquidity signal a potential shift in the dynamics of real-world asset trading on the platform. The team cited a strategic decision to reallocate resources and expertise to a new venture, aiming to foster innovation and growth within the broader decentralized finance (DeFi) landscape on Hyperliquid. Further details regarding the specific project Ventuals will join and the timeline for its transition were not immediately disclosed.